I’m Concerned About High Prices Of Foodstuffs — Buhari

Date:

Share post:

President Muhammadu Buhari has said that his regime is very concerned about the rising cost of foodstuff in the country.

Expressing concerns while appearing before the Senate on Friday, Mr Buhari said his regime was implementing various measures towards addressing structural factors responsible for the food crisis.

“Government is very concerned about the high food prices in the country. Various measures are being implemented to address structural factors underlying the issue. We’ll also step-up current efforts aimed at boosting food production and distribution in the country,” Mr Buhari said.

His remarks come as Nigerians continue to feel the burning effects of rising food prices brought on by the impact of inflation.

The average cost of five kilograms of cooking gas increased from N4,397.68 in July to N4,456.56 in August according to the Nigerian Bureau of Statistics.(NBS)

The price of turkey, a popular protein diet in Nigerian dishes increased to N3,200 per kilo in stores as food scarcity occasioned by the pluming economy. However, the price has since continued to rise as inflation continues to increase.

According to NBS, food inflation in September increased to 23.12 per cent, its highest level in nearly 17 years, while core inflation increased to 17.2 per cent.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

spot_img

Related articles

Two Arrested for Beating Yobe Teen to Death Over Missing Phone

Two young men have been arrested in connection with the brutal killing of an 18-year-old boy, Abbas Zakari,...

Bee Attack Disrupts NECO Exam at Maiduguri School

A swarm of bees disrupted the ongoing National Examination Council (NECO) exam on Wednesday morning at Mairi Islamic...

Gov. Kefas Intensifies Security Efforts in Taraba, Inaugurates Two Key Committees and Convenes Enlarged Security Meeting

In a determined effort to overhaul Taraba State’s security architecture, Governor Dr. Agbu Kefas has inaugurated two critical...

Taraba to Launch Waste Recycling Industry, Signs MoU with Sector Lead

The Taraba State Government is taking bold steps toward sustainable environmental management with plans to establish a waste...